For 4 POB TIII - Multiple Choice practice

Most Caribbean countries have this type of Economic System

• Mixed

• Planned

• Capitalist/Laissez-faire

• Subsistence

Which leadership style encourages employees to give their input ?

• Autocratic

• Democratic

• Charismatic

• Laissez-faire

All of the following are management functions EXCEPT

• planning

• organizing

• motivating

• financing

Which of the following activities is MOST likely undertaken in a cottage industry ?

• building of boats

• bottling of soft drinks

• making of sugar cakes

• repairing of computers

The MAIN role of the Human Resource Department of an organization is to

• hire, recruit, train and motivate workers

• promote recreational activities for workers

Governments offer subsidies to businesses to

• force them to pay taxes

• reduce operating costs

• increase operating costs

• increase the price of goods

Which of the following measures are used by governments to redistribute income ?

• custom duties and levies

• consumption tax and tariffs

• PAYE and national insurance

• excise duties and Value Added Tax

Which of the following is NOT an element of a Business Plan ?

• Legal plan

• Financial plan

• Marketing plan

• Production plan

The price of goods and services is usually HIGH when

• demand is high and supply is high

• demand is high and supply is low

• demand is low and supply is high

A MAJOR function of the public sector is to

• make a profit

• serve the entire population

• inspire competition among businesses